Binance Founder Faces Sentencing Hearing for Money Laundering Violations
Binance founder Changpeng Zhao faces a critical sentencing hearing today for violating US money laundering laws. Prosecutors seek a three-year prison term, while Zhao’s defense argues against jail time. With a $4.3 billion fine and resignation from Binance, the debate over Zhao’s incarceration unfolds in Seattle, emphasizing the need for ‘general deterrence’ in similar cases.